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minister and chancellor angela merkel, we heard a lot of talk about that possible free-trade agreement between the eu and the u.s. we heard john kerry in your report just they're talking about jobs, jobs, jobs. there appears to be a great deal of economic pressure on both sides of the atlantic driving some motivation toward a possible free trade deal, but again, there were other foreign policy issues, including afghanistan and, particularly, syria on the agenda. >> what about this free trade deal? >> there is talk right now of actually getting negotiations going formally sometime this coming summer. within two years, that is the time frame they are talking about, officials right now, of having some sort of deal in place, but there are huge hurdles on the way. there's been talk of a free- trade agreement for a long time. many people thought it would be dead. it appears to be revived with great economic pressure to get it going. >> thank you very much for that. >> last year, the white house announced a big strategic shift, what it calls it pivot to asia, as a response to the rise of chin
originally proposed. >> german chancellor angela merkel went into the talks saying she was confident the agreement would be reached. in the end, the 27 member states came up with a compromise that even british prime minister david cameron welcomed as a good deal for britain >> it is perhaps nobody's perfect budget, but there is a lot in it for everybody. obviously, you can look at the end result through many, many prisons. from the overall european perspective, i want to emphasize that the budget is future- oriented. it is realistic. it is driven by pressing concerns. >> the total budget ceiling over the next seven years has been tapped at about 960 billion euros. it is the first-ever net reduction. reaching a unanimous agreement between all of the eu's member countries was a difficult task. >> it is not easy reach an agreement between 27 different countries, but we've managed it, so we are now confident and positive going into negotiations with the european parliament. we know it will not be easy, but we are all agreed that what is important is that we have taken a great stride towa
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